Midknight Review -- new and revised: Here is what Obama just did for the housing industry:

Here is what Obama just did for the housing industry:

When you force banks to pay through the nose, after being set up by the Administration and told to sell, sell, sell, "no matter what" (back in 2005 -2008), anyone know what comes next? The banks tighten credit that much more. They will be a long time forgetting that they were played by this Administration. In the end, this idiot mortgage bail-out will help no more than 300,000 homeowners. And, if they could not afford to make their payments before, well, nothing will have changed . . . . . . . . . . and, if they are "upside down" on a $400,000 mortgage (as an example), that promised $2000 reduction will mean absolutely nothing . . . . . . . and if they are facing foreclosure --- well, they are not even mentioned in this bill.

He has done this very thing before, and it failed, then. File this bit of nonsense under "smoke and mirrors."

1 comment:

AnonymousFebruary 10, 2012 at 2:17 PM
Lowest foreclosure rate in 49 months.

How's it look?
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Let's return the favor, shall we?

CLINTON: You cannot be civil with a political party that wants to destroy what you stand for, what you care about. That’s why I believe if we are fortunate enough to win back the House and/or the senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength. And you heard how the Republican members led by Mitch McConnell, the president really demeaned the confirmation process.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."